Arab Finance: The Administrative Capital for Urban Development (ACUD) has sealed an international memorandum of understanding (MoU) with Dongba Town in Beijing, China, to exchange expertise, knowledge, modern technology, and management to serve the diplomatic district in the New Administrative Capital (NAC) and the fourth embassy area in Beijing, as per an emailed press release.

The MoU aims to promote mutual learning and expertise exchange, employ the latest technologies in building embassy districts, enhance environmental standards, exchange information and resources, work on joint research projects, and develop new technologies.

It comes within the framework of boosting collaboration between Egypt and China, as well as fostering bilateral relations in several fields.

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